Sudan Gold Coin (SGC) is a cutting edge cryptocurrency Project, which provides its ICO investors with a unique opportunity to invest both in crypto and real worlds by backing digital tokens (Sudan Gold Coin) with a defined amount of physical gold.
The amount of gold, assigned to each token initially, at every stage of the Project realization except post-ICO stages is constant and equals 0,05 grams. Yet, the price of the token differs at each stage of the Project Maturity from 50 cents up to 1,9 dollars. After launching the gold mining operation in Sudan, which is the eventual purpose of ICO Project-Part realization, the mined gold starts to be distributed between tokens until the initial obligation of 0,05 grams per token is met.
However, the most interesting option for investors is the ever-growing weight of the acquired token. Bought at the early stages of the project for 0,5-1,25$, the tokens are not only 0,05 grams liabilities but a surefire way to quarterly bring their holders approximately 0,03 grams in the weight of gold per each token, distributed from the mined gold. Such proposition allows investors to choose the most desired and appropriate strategy:
● To indefinitely continue accumulating the gold amount assigned to each
token through quarterly gold distributions.
● To exchange tokens for gold, which can be sold either by SGC or by the
investor himself or passed to the investor in the form of solid gold.
● To combine the above-described two strategies.
Sudan Gold Coin Project utilizes a blockchain based technology of ETHEREUM SMART CONTRACT that provides maximum security and transparency of the invested funds, while keeping up with the most recent global ICO legislation developments. Thus, all the investments are placed not with Sudan or Dubai company but with the holding company, located in Zug, Switzerland, where the ICO project is initially audited and the permission for ICO activities is officially given by FINMA, the organization responsible for financial monitoring of ICO projects. SGC Project Legal Framework is designed to secure the investments and provide the full transparency of the ICO and the project realization:
Swiss Company - a legal entity registered in Switzerland (canton Zug) with a license for conducting cryptocurrency activities and an account in a local bank which is friendly to crypto-currency transactions. This legal entity will make a collection of the crypto currency during the ICO and the sale of tokens, and the received fiat money will be transferred to the UAE company for purchasing the equipment and conducting business activities.
UAE Company - a legal entity registered in the UAE (Dubai). This company will act as a foreign direct investor in Sudan. The company will not be used to raise funds for the ICO. The company will be the custodian of the gold extracted by Sudan Gold Coin Project.
Sudanese Company - the company, which will hold the rights to extract gold in Sudan and accept FDI (foreign direct investments) from UAE Company.
The company will perform the main operational activities for the extraction of gold.
The Swiss company is planning to raise from $10 to $28 million till the end of 2018.
Sudan Gold Coin is a unique ICO Project in modern crypto world! SGC Project allows You investing Your crypto-resources into the production and acquisition of a precious physical asset – GOLD, while multiplying your money and making it liquid in both digital and physical worlds! Your invested crypto-resources are used to establish the Gold-Mining Plant in Sudan on the land, granted to SGC Project by the Concession Agreement with Sudanese Government. The plant produces GOLD, which is distributed proportionally between the issued Tokens (Sudan Gold Coins). Initially, all tokens, You buy, have the assigned value of 0,05 grams of gold per token. After the plant starts working, Your token indefinitely increases its weight in gold through quarterly distributions of the mined gold. You can accumulate Your GOLD, sell Your GOLD, or obtain it physically, while trading your tokens in crypto-market! Earn simultaneously through crypto-trading and gold-production with SGC Project!
Q4 2017 - Pre-ICO
- October - Providing 500,000 SGC coins for 0.5USD - Duration: 1 month
Q4 2017 - ICO
- November - Providing 18,000,000 SGC coins for 0,75 - 1USD based on stage - Duration: 1 month
Q2 2018 - Developing Modular Mining
Complex for growing mining potential and amount of gold.
Q4 2018 - Additional sections
Installation of additional sections for Modular Mining.
Q2 2019 - Gold Exchange
Development and open testing for Decentralized Gold exchange based on Blockchain technology.
Q2 2020 - Integrations
- Banks Integrations to the Decentralized Gold exchange - Gold mines integration of 3-rd party mines and mining businesses to the Gold exchange.